Credit, Collections & Insolvency News
London Capital Credit Union has announced the appointment of Gurminder Singh Bhagrath as its new Chief Executive Officer. Bhagrath takes over from Martin Groombridge, who led London Capital Credit Union for almost 18 years. Commenting on his appointment, Bhagrath said “As I step into the role of CEO at London Capital Credit Union, I want…
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Chetwood Bank has appointed George Gee as Managing Director of its mortgages division and member of its executive committee. Gee, who has worked in the sector for more than 20 years, joins the bank from Foundation Home Loans where he fulfilled a number of senior leadership roles including Chief Commercial Officer, Commercial Director, and Customer…
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Nationwide Building Society has been fined £44 million by the Financial Conduct Authority (FCA) for failing to manage financial crime risks from October 2016 to July 2021. The FCA found that Nationwide lacked adequate anti-financial crime systems, allowing customers to misuse personal accounts for business activities. This oversight led to missed opportunities in detecting £27.3m…
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Consumer payments platform, Zilch has announced that it has secured a payments services licence from the Financial Conduct Authority (FCA). The licensing marks a significant milestone for Zilch, removing the reliance on third-parties and enabling the business to build more payments methods in-house, develop and bring new products to market even faster and innovate quickly…
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Tandem Bank has announced the appointment of Russell Strevens as its new Chief Technology Officer (CTO). Strevens brings a proven track record in building and scaling modern technology across financial services and other regulated industries. He joins Tandem from Small World Financial Services, where he served as CTO, leading global engineering, cybersecurity and technology teams, and…
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Sophie Hutcherson has been reappointed as a Non-Executive Director to the Financial Conduct Authority (FCA) Board by the Economic Secretary to the Treasury. Her first three-year term will end on 17th April 2026. Following her reappointment, Hutcherson will continue to serve on the FCA Board for a second three-year term to expire 16 April 2029.…
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Fairer Finance has announced that it has appointed Charles Randell CBE to its independent Consumer Advisory Board, strengthening its external challenge and oversight of the consumer group. Randell is the former chair of the Financial Conduct Authority and the Payment Systems Regulator and has previously served as a member of the Bank of England’s Prudential…
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Secure Trust Bank has announced that it has appointed James Appleby as Chief Operating Officer (COO), pending regulatory approval. Appleby brings over two decades of senior leadership experience in the financial services sector, both in the UK and internationally. He has previously held the COO position for Barclaycard between 2005 and 2008, and then for…
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Simon Taylor, Chief Executive of Melton Building Society, has been elected as the new Chair of the Building Societies Association (BSA). Taylor is currently the Deputy Chair of the BSA and succeeds Julie-Ann Haines, Chief Executive of Principality Building Society and will will take up the role from 21st November, 2025 Taylor said “I’m delighted…
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SME lender and broker, Love Finance has announced the hiring of Selen Cagirgan as its new Head of Credit and Risk. Cagirgan will lead Love Finance’s underwriting, credit, and risk operations across its lending division. In her new role, she will be responsible for shaping the company’s credit strategy, strengthening risk controls, and developing scalable frameworks to support sustainable…
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Specialist lender Afin Bank has announced that Sally Veitch has joined the board as an Independent Non-Executive Director (INED). Veitch has a wealth of experience in financial services, including current Board positions with SME lender LHV Bank and mortgage provider Perenna. She previously had NED roles with Tipton & Coseley Building Society, Redwood Bank and…
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Interest-free car repair financing platform Bumper International has announced that it has received Financial Conduct Authority (FCA) authorisation with permissions for consumer credit lending in the UK. The authorisation represents a major milestone for Bumper as it expands its mission to make car ownership more flexible and affordable, enabling the development of longer-term credit products…
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Darlington Building Society has announced the appointment of Alex Windle as Chief Executive Officer (CEO). Windle will take over as CEO in April next year when Andrew Craddock steps down after seven years. Windle had an early career in commercial, marketing and strategy roles at Vodafone. He served as UK Marketing Director, first at LG…
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